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Access the world’s benchmark options for Crude Oil, Natural Gas, and Refined Products around the clock.

WTI Options Liquidity During European Morning Hours

Highlights:

Over 80% of WTI Options (LO) volume electronically traded for 15 consecutive months
WTI Options volume during non-U.S. represented 13% of total LO volume during September 2018
46% of total WTI Options (LO) electronic volume is a result of on-screen spread trading via RFQ in September 2018

New Expiration Rules for Options

Highlights:

The new options expirations rules include the elimination of contrary exercise instructions for all physically-settled Crude Oil, Natural Gas, Refined Products, and Metals options contracts that expire after January 1, 2018. Brent (BZO), Coal, Power, and Emissions options are excluded.

In addition, for exact at-the-money settlements, the auto-exercise rule has changed. If the underlying settlement price falls exactly on a strike price at expiration, the at-the-money calls will be exercised and the at-the-money puts will be abandoned.

For More Information:

Clearing	CME Globex	Floor	CME ClearPort	Product Name	Subgroup	Exchange	Volume	Open Interest
LO	LO	-	LO	Crude Oil Options	Crude Oil	NYMEX	116,051	3,384,333
LN	LNE	-	LN	Natural Gas Options (European)	Natural Gas	NYMEX	98,328	2,264,827
BZO	BZO	-	BZO	Brent Crude Oil Futures-Style Margin Option	Crude Oil	NYMEX	21,736	315,819
ON	ON	-	ON	Natural Gas Options (American)	Natural Gas	NYMEX	14,131	221,678
WA	WAY	-	WA	WTI Crude Oil 1 Month Calendar Spread Options	Crude Oil	NYMEX	13,060	303,600
AH	AAH	-	AH	Dubai Crude Oil (Platts) Average Price Options	Crude Oil	NYMEX	4,000	5,000
G4	G4X	-	G4	Natural Gas (Henry Hub) Last-day Financial 1 Month Spread Options	Natural Gas	NYMEX	3,350	77,895
LO3	LO3	-	LO3	Crude Oil Weekly Options Wk 3	Crude Oil	NYMEX	894	3,306
LO4	LO4	-	LO4	Crude Oil Weekly Options Wk 4	Crude Oil	NYMEX	705	1,760
LC	LCE	-	LC	Light Sweet Crude Oil European Financial Option	Crude Oil	NYMEX	400	51,115

Trade Date: 16 Oct 2018 | FINAL

Note: Volume and Open Interest data is from the previous trade date. Preliminary data updates at approximately 9:00 p.m. CT and the final update is at 10:00 a.m. CT next business day.

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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.